BitGo Shares Slide Below IPO Price After Volatile NYSE Debut

[madtrader]

BTGO stock. Source: Yahoo Finance

Shares of digital asset custodian BitGo Holdings (BTG) have turned volatile following the company’s public debut on the New York Stock Exchange. After pricing its IPO at $18 per share, the stock jumped roughly 25% on its first day of trading, signaling strong early demand.

The rally quickly faded, however, as investors moved to lock in profits. By Friday, BitGo shares had fallen below their IPO price, declining as much as 13.4%, according to market data. Analysts point to profit-taking, a relatively small public float, and broader uncertainty around crypto-related stocks as key drivers of the pullback.

At its IPO price, BitGo was valued at approximately $2 billion.

[AIcash]

jump 25% then drop below ipo in a week… classic crypto rollercoaster